Tenable (TENB) Now Covered by Wedbush

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Analysts at Wedbush started coverage on shares of Tenable (NASDAQ:TENB) in a note issued to investors on Thursday, MarketBeat.com reports. The firm set an “outperform” rating and a $38.00 price target on the stock. Wedbush’s price target suggests a potential upside of 31.53% from the company’s current price.

A number of other brokerages have also recently issued reports on TENB. BTIG Research initiated coverage on shares of Tenable in a research report on Monday, August 20th. They set a “buy” rating and a $41.00 target price for the company. Morgan Stanley initiated coverage on shares of Tenable in a research report on Monday, August 20th. They issued a “weight” rating and a $31.00 price objective for the company. William Blair initiated coverage on shares of Tenable in a research report on Monday, August 20th. They issued an “outperform” rating for the company. Deutsche Bank initiated coverage on shares of Tenable in a research report on Monday, August 20th. They issued a “buy” rating for the company. Finally, JPMorgan Chase & Co. initiated coverage on shares of Tenable in a research report on Monday, August 20th. They issued a “neutral” rating and a $36.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $38.00.

Shares of Tenable stock opened at $28.89 on Thursday. Tenable has a 12-month low of $26.78 and a 12-month high of $39.38.

Tenable (NASDAQ:TENB) last announced its earnings results on Wednesday, September 5th. The company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.07). The company had revenue of $63.59 million for the quarter, compared to analyst estimates of $62.78 million. As a group, sell-side analysts expect that Tenable will post -0.97 earnings per share for the current fiscal year.

In related news, Director Kimberly Hammonds acquired 21,739 shares of the stock in a transaction on Monday, July 30th. The stock was purchased at an average price of $23.00 per share, for a total transaction of $499,997.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

A hedge fund recently bought a new stake in Tenable stock. Strs Ohio acquired a new stake in Tenable Holdings Inc (NASDAQ:TENB) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,600 shares of the company’s stock, valued at approximately $139,000.

About Tenable

Tenable Holdings, Inc provides cybersecurity solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its enterprise software platform enables visibility into an organization's cyber exposure across the attack surface and deep insights that help organizations translate technical data into business insights to understand and reduce their cybersecurity risk.

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Analyst Recommendations for Tenable (NASDAQ:TENB)

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